Agile Analog secures £3.5 million Pre-Series A investment from Delin Ventures, First Minute Capital and MMC Ventures

AI-driven analog design to accelerate chip innovation

Cambridge, UK, 13 May 2019: Agile Analog, a Cambridge analog IP company, announces it has closed its latest Pre-A funding round with Delin Ventures, firstminute Capital and MMC Ventures for $5M.

Founded in 2017, Agile Analog will use the funding to expand the existing engineering team in Cambridge and deliver analog IP products to a wide range of waiting customers. Agile Analog’s unique AI-driven platform replaces the existing manual design process that has not fundamentally changed in 60 years.

With the explosion of the Internet of Things (IoT), AI, autonomous vehicles, the next generation of telecoms and newer smaller process nodes, the demand for new chip designs has never been greater. Analog circuits are needed on every chip to interface between the real world and the digital world. From sensors to battery connections to data transmission, analog components are the hidden driving force behind our modern digital lives. Analog design, which is slow and manual is often the key bottleneck in chip design. Agile Analog’s innovative solution removes this bottleneck, giving customers exactly the type of component they want, on exactly the right semiconductor process, with industry leading quality. This enables Agile Analog’s customers to accelerate the pace of chip innovation and provide smaller, cheaper, more reliable and lower power solutions.

By removing the restrictive manual process, Agile Analog provides access to flexible and easy to use analog IP, enabling a broad range of customers to incorporate more analog onto their chips and significantly reducing the size and cost of end products. Agile Analog technology enables a move away from simple analog designs compensated by complex digital designs to a more balanced mix of technologies, bringing more reliable, lower power designs to market quicker.

Tim Ramsdale, CEO for Agile Analog said: “I’m delighted with the confidence that our investors have placed in us. This investment will enable us to deliver to our customers faster and make possible a paradigm shift in the $2Bn analog IP market.

Jonathan Hay, Partner at Delin Ventures, said: “We are impressed with the team’s vision to transform analog design and reinvigorate the use of analog. Analog design is the backwater of the semiconductor industry and we think Agile Analog can change that. The team has the world-leading experience and industry connectivity to deliver on this vision. That was a key part of our decision to follow on with our Seed investment.

Brent Hoberman, Co-founder at firstminute Capital, said: “The Agile Analog founding team is an exceptional balance between deep tech and commercial experience. Predominantly made up of ex-ARM domain experts and division heads, they are industry veterans with a strong network as well as technical expertise.

Camilla Mazzolini, Investor at firstminute Capital, said: “Following extensive due diligence from industry experts, it was clear to FMC that the company’s technology and approach have the potential to disrupt and transform the industry from a labor-intensive, manual and costly process to an automatic, cheaper, quicker and more accurate on.

Mina Samaan, Investment Manager at MMC Ventures, said: “Agile Analog’s technology has the potential to become the industry standard for Analog IP. We’re excited to back Tim, Mike and the rest of the team as they continue to bring innovation to an industry which is ripe for disruption.

For more information, see www.agileanalog.com

///ENDS///

Contact:

Andrew Farrugia – andrew.farrugia@agileanalog.com

About Agile Analog

Agile Analog is a VC funded start-up which has brought together industry veterans from the analog, IP and design automation worlds to revolutionise the way analog IP is developed and delivered. Based in Cambridge (UK), we are growing quickly to become one of the world’s leading analog IP companies. Using our innovative core technology, we are able to design analog circuits faster, to a higher quality, and on any semiconductor process. We are widening market access to analog IP in a way that will greatly increase our customers’ opportunities to take innovative chip designs to market. As part of a dynamic industry, we are disrupting methodologies that have been unchanged for generations.

About Delin Ventures

Delin Ventures is London based private technology focused investment firm founded by the serial entrepreneur, Igor Linshits. Delin invests in early stage U.K. technology businesses. Delin’s current portfolio includes import.io, Fluidic Analytics, AimBrain, the Plum Guide, and Vidsy, as well as a number of other seed stage investments. Delin has also invested in funds managed by Local Globe, IQ Capital, Entrepreneur First, Stride.vc and o2h Ventures. Delin Ventures is part of the Delin Group which also includes Delin Capital Asset Management, a leading investor and developer of logistics real estate.

About firstminute Capital​

Firstminute capital is a $100m pan-European seed fund founded by Brent Hoberman and Spencer Crawley that launched in June 2017 to support the next wave of early stage European technology entrepreneurs. The fund, which counts the London-based venture fund Atomico, the Chinese technology giant Tencent and the European FMCG conglomerate Henkel as institutional investors, along with 30 founders of billion dollar technology businesses, invests across Europe, and opportunistically in the US and Israel. Firstminute capital has a sector agnostic remit within tech, with a particular interest in SaaS, DeepTech, vertical AI, Healthtech, Blockchain, Cyber, Gaming and D2C. For more information visit: www.firstminute.capital

About MMC Ventures

MMC Ventures is a research-led venture capital firm that has backed over 60 early-stage, high-growth technology companies since 2000.

MMC’s dedicated research function provides the Firm with a deep and differentiated understanding of emerging technologies and sector dynamics, to identify attractive investment opportunities. MMC’s research team also supports early stage companies through the life of MMC’s investment.

MMC helps to catalyse the growth of enterprise software and consumer internet companies that have the potential to disrupt large markets. The Firm has one of the largest software-as-a-service (SaaS) portfolios in Europe, with recent exits including CloudSense, Invenias and NewVoiceMedia.

MMC’s dynamic consumer portfolio includes several of the UK’s favourite companies, including Bloom & Wild, Gousto and Interactive Investor.

Explore MMC’s cutting-edge research at mmcventures.comMMC Writes and @MMC_Ventures.

Masabi secures £15.25 million Series E investment led by Smedvig Capital and MMC Venture

Investment from Smedvig Capital and MMC Ventures to fuel expansion of Masabi’s ticketing and payments platform and build on strategic partnerships with Uber, Transit, Jorudan and Keolis

London and New York – April 30, 2019 – Masabi, the company bringing Software-as-a-Service (SaaS) ticketing and payments to public transport, today announced a $20 million growth funding round with investment led by Smedvig Capital with MMC Ventures and other existing investors. The capital will accelerate Masabi’s global expansion of its award-winning mobility platform, Justride, and fast-track the company’s role in bringing digital transformation to transit agencies and operators of all sizes, enabling the foundations for integrated multi-modal journeys.

On target to exceed $1bn in annual transit ticketing sales over the coming year, Masabi will continue building on its recent additions to Justride, which removes the need for passengers to buy a ticket. Instead, they simply tap a contactless bank card, mobile phone or smartcard to travel. These innovations, together with world-first integrations with transport leaders including UberTransitJorudan and Keolis, are making it easier for people to discover and access public transit services in an efficient and scalable way, helping place public transit at the center of the global Mobility-as-a-Service (MaaS) movement.

“With over 85 million journeys enabled by the Justride platform in 2018 and partnerships with some of the biggest names in mobility, Masabi is already a category leader and the opportunities for global growth are significant,” said Jonathan Lerner, MD at Smedvig. “The combination of Masabi’s track record of customers, innovation and technology made this investment decision one we feel extremely enthusiastic about and we are excited about working closely with them to accelerate their global expansion.”

“We’re proud to see Masabi having scaled from London to the world, changing the way people move around cities every day. $1bn in annual ticket sales is only a milestone – the next phase is about partnering with and powering those that the public trust to get them where they are going, from transit agencies to ride-sharing and planning apps. As one of Masabi’s earliest investors, it has been great to have Smedvig Capital buy into Masabi’s vision.” Simon Menashy, Partner, MMC Ventures.

“For too long, cutting-edge innovation in transit ticketing was only available to mega cities with multi $100m budgets. But a quick and easy ticketing experience shouldn’t be the sole preserve of these cities. It should be available to passengers using any public transport service anywhere around the globe,” said Brian Zanghi, CEO of Masabi. “Through innovations such as simply being able to tap a contactless bank card to travel and integrations into the top mobility apps, Masabi is delivering on this vision. As we enter a new phase, having the support of Smedvig Capital, MMC Ventures, Mastercard and our other investors means we can continue to drive the market forward and help ever more cities and transit operators around the world embrace the latest in ticketing and payments technology and the future of practical MaaS.”

Masabi’s Justride platform is currently in operation with more than 50 transport agencies in ten countries, from tier one cities to local bus operators, including for Boston MBTA, National Express, New York MTA, HTM The Hague, TAO Orleans, Denver RTD, LA Metrolink, Lurraldebus in Spain, My Fast Ferry in Sydney and Las Vegas RTC.

Integrated mobility delivered to transit agencies around the globe:

Masabi, which developed the first and only ticketing Justride Software Development Kit (SDK) for public transport, enables urban mobility providers such as journey planners and bike-, scooter- and ride-sharing services to integrate public transit into their applications, connecting services for a seamless passenger experience:

  • In April, Masabi and Transit launched an integrated service for riders in St. Catharines, Canada, enabling them to use Transit to access and ride on public transit services
  • Early in 2019, Masabi announced a new combined solution with Uber and Regional Transportation District (RTD) in Denver – the first US-based transit agency to benefit from an integrated public transit experience within the Uber app
  • Globally, Masabi’s Justride SDK is now live in France and Spain with SDK partners Kisio Digital and Gertek, and in Japan through a partnership with Jorudan, Japan’s leading trip planning service

About Masabi

Masabi provides Software-as-a-Service (SaaS) ticketing and payments to public transport agencies of all sizes around the globe. Through our fare collection platform, Justride, agencies can sign up to mobile ticketing services, deploy an account-based full fare collection solution using a contactless bank card, mobile device and smartcard, and enable Mobility as a Service (MaaS) through the Justride SDK.

Justride unifies account-based and pre-pay ticketing into a single configurable solution. Its SaaS architecture, ‘Mobile First‘ approach and Bring Your Own Ticket (BYOT) philosophy, allows transit providers to deliver innovation quickly, delighting passengers and reducing costs, while increasing operational efficiency and data insights.

Masabi is the category creator for transit mobile ticketing and with over 50 clients across 10 countries the Justride platform is the most widely deployed end-to-end mobile and account-based ticketing solution in operation, serving the largest agency in the USA to the smallest bus operator. It has offices in New York, London, Denver and Cluj. Masabi is backed by Alvarium Investments, m8 Capital, Mastercard, MMC Ventures, Keolis and Smedvig Capital.

About Smedvig Capital

Smedvig Capital is a London based growth capital investor. We are now investing our 14th fund, having deployed more than $800M over the last 20+ years in Series A and Series B funding rounds. We are passionate about finding and supporting the best tech enabled businesses in the UK and Nordics. We pride ourselves on developing a deep understanding of the sectors we invest in. We have a track record of re-investing multiple times to support our portfolio. We roll up our sleeves and get involved when you want our help.

About MMC Ventures

MMC Ventures is a research-led venture capital firm which has backed more than 60 high-growth technology companies from the Seed and Series A stage since 2000. MMC’s dedicated research function enables the firm to have a deeper understanding of the businesses it backs and supports them with strategic projects throughout MMC’s investment.

MMC focuses on scaling enterprise software and consumer internet companies with the potential to disrupt huge markets. The firm has one of the largest SaaS portfolios in Europe and recent SaaS exits include CloudSense, Invenias and NewVoiceMedia. MMC also has a dynamic B2C portfolio including Interactive Investor, Bloom & Wild and Gousto.

MMC’s research team publishes content on its findings via: mmcventures.comMMC Writes and at @MMC_Ventures.

Source: http://blog.masabi.com/blog/masabi-secures-20m-to-accelerate-global-growth-and-put-public-transit-ticketing-into-leading-ride-hailing-journey-planning-and-mobility-as-a-service-apps

Synthesia raised Series A funding of £2.42 million led by LDV Capital

The UK-based business developing video synthesis technology raised $3.1 million from existing investors LDV Capital and Mark Cuban, alongside new investors MMC Ventures, Seedcamp, Martin Varsavsky’s VAS Ventures, TransferWise co-founder Taavet Hinrikus, Tiny VC, and advertising executive Nigel Morris.

Synthesia’s cloud-based platform ENACT enables customers to automatically generate personalised and interactive video content for their audiences at an exponentially faster rate and a fraction of the costs.

“Consumers and employees today expect video-based communication that is tailored to them. For companies it’s difficult to deliver these experiences because the conventional ways of creating video content is a physical process that simply doesn’t scale.”

said Victor Riparbelli, co-founder and CEO of Synthesia.

“Our mission is to make it easier to bring creative ideas to life without the traditional barriers of time, budget and skills. We are excited to collaborate with a great and diverse team of investors to execute on our vision.”

Synthesia recently launched their first global campaign with Malaria survivors speaking through David Beckham to help raise awareness around the Malaria Must Die initiative. The campaign was widely recognised and applauded and has already exceeded 400 million impressions globally and this behind the scenes video explains the process.

AI cyber defender Senseon secures £4.92 million to redefine industry approach

19th February 2019

The seed funding will support Senseon’s scaling of technology and presence in EMEA and the US

London, 19 February 2019: Senseon, the next generation AI platform for cyber defence, today announces the completion of a seed funding round of $6.4m. Leading the investment is research-led venture capital fund MMC Ventures, alongside Mark Weatherford, Chief Cyber Security Strategist at vArmour and former Deputy Under Secretary for Cybersecurity, U.S. Department of Homeland Security. Additional investors include Amadeus Capital PartnersCrane Venture Partners and CyLon.  The funding will allow Senseon to continue its rapid expansion in the UK and increase its presence in EMEA and the US.

Founded in 2017 by David Atkinson – the first ever cyber operative within the UK’s specialist military units – Senseon empowers businesses to keep pace with the increase of emerging cyber-attacks. Atkinson’s extensive expertise in cyber security, both for enterprises and at a national level, inspired him to create the ‘AI Triangulation’ system at the heart of the Senseon platform.

AI Triangulation ensures complete visibility across organisations’ entire digital estates and provides context to automatically determine genuine cyber threats in the noise of busy networks. The Senseon platform learns and adapts to organisations’ environments and provides highly accurate threat detection that reduces false positive alerts, which the average organisation wastes 425 hours a week investigating, costing them $1.37million per year.

Founder and CEO of Senseon, David Atkinson, said: “Cyber-attacks are one of the greatest concerns for the modern business. Organisations’ networks are becoming increasingly complex and accelerated tech adoption creates additional noise for attackers to hide within. Meanwhile, attacker innovation is growing, and their techniques evade current cyber defence tools, which are unable to differentiate between genuinely malicious threats and merely new or unusual activity.

“The Senseon team understands too well the woes of enterprises and their security teams who have to keep up with the evolving landscape of cyber-crime, while also trying to cut through the noise and work out which threats on their network are genuine. We created Senseon to tackle this specific problem. The intelligence behind the Senseon product, and its ability to automatically detect and investigate threats across the entire organisation, is reducing the burden placed on already-stretched security teams and freeing up resources to focus on what matters: investigating actual threats.”

Mina Samaan, MMC Ventures, said: “Cyber security continues to be the number one priority for technology deployments by CIOs. Organisations of all sizes need to get better at keeping pace with emerging threats, but more importantly, identifying the attacks that require intervention. Senseon’s technology directly addresses this challenge by using reinforcement learning AI techniques to help over-burdened security teams better understand anomalous behaviour through a single holistic platform.

“This is an evolving and difficult problem which requires a world-class team to solve it. We have been very impressed with David and the Senseon team and are excited to be a part of their next phase of growth.”

CyLon Co-Founder, Grace Cassy, said: “Businesses see real value in the way Senseon’s product – through the use of AI Triangulation – can provide them with one cohesive platform that protects their organisation from emerging threats, replacing the need to purchase and maintain multiple single-point solutions.”

***ENDS***

About Senseon

Senseon is the next phase of AI for cyber defence, moving beyond rules-based systems that are too rigid to keep pace with emerging cyber-attacks or ineffective AI systems which cannot differentiate between unusual behaviour and malicious threats. Unique to Senseon, ‘AI Triangulation’ understands and correlates threats across an organisation’s entire digital estate, providing much needed context and clarity in an increasingly noisy landscape. Founded in 2017, Senseon brings together cyber security experts, former government cyber operatives and applied machine learning specialists. Headquartered in London, UK and Chicago, USA, Senseon also has a presence in the Middle East and Australia. Find out more at www.senseon.io

Growth Intelligence has raised £1.7m from 24Haymarket and MMC Ventures

London, UK 23rd January 2018

Growth Intelligence has raised £1.7m to help marketers and sales leaders drive faster growth with AI. Founded in 2013, Growth Intelligence helps high profile brands, including American Express, FedEx, Western Union, iZettle and Vitality Health, target their direct marketing activity to businesses that are most likely to buy. The AI Platform combines records of a client’s previous successful and unsuccessful marketing attempts with Growth Intelligence’s own proprietary data gathered from the digital footprint of every company in the economy, to train an AI for each client. The AI then serves up recommended future clients and advice on how to approach them. It allows sales and marketing teams know who will buy, who will be most valuable, when should they attempt to contact them and what to say when they do.

Growth Intelligence reached profitability early in 2018 and has tripled recurring revenue year on year. The company will use this funding to invest in its AI Platform – building new AIs to solve even more challenges faced by B2B marketers. The company will be investing heavily in data science, engineering and commercial talent.

With demand for Growth Intelligence’s sales and marketing AIs strong and growing, 2019 will see continued triple-digit growth. Growth Intelligence also plans to bring on board leading commercial and technical executives this year.

As part of the investment joining the Board are Andy Robertson, Martin Brown and Stuart Dawson as the chairman.

Thomas Gatten, CEO of Growth Intelligence, adds: “This is a great opportunity to invest on top of our triple-digit revenue growth. Trade is the human super-power, by applying AI to boost trade we are helping companies and economies grow faster. We’re hiring!”

Paul Tselentis, CEO of 24Haymarket, comments: “24Haymarket are thrilled to invest in Growth Intelligence. We have been tracking the company’s progress and its unique approach to improving the productivity of B2B sales and marketing processes for two years. There is an exciting market opportunity ahead of them, as businesses embrace functional AI offerings. We look forward to applying our network to support the team on the next phase of their growth journey.”

Alan Morgan, Chairman, MMC Ventures, adds: “Growth Intelligence is one of a small number of companies using AI to deliver true predictive marketing. We are happy to announce our continued support for the business and look forward to working with Tom, Prash and 24Haymarket in the next phase of their growth.”